{"id":51783,"date":"2023-12-01T17:42:59","date_gmt":"2023-12-01T16:42:59","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/a-european-net-wealth-tax\/"},"modified":"2024-11-07T05:56:10","modified_gmt":"2024-11-07T04:56:10","slug":"a-european-net-wealth-tax","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/51783\/","title":{"rendered":"A European Net Wealth Tax"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-51783","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"The increase of wealth inequality in many EU countries has spurred interest in wealth taxation. While taxes on wealth for a long time have played only a marginal role in the public finance and taxation literature, more recently a variety of arguments are brought forward in favour of (higher) wealth taxation. At the same time, tax competition has led to an almost complete disappearance of recurrent net wealth taxes in Europe. By dealing with non- and under-reporting in the Household and Consumption Survey (HFCS) data set provided by the European Central Bank, we are able to estimate the wealth distribution within 20 EU countries and the revenue potential of a progressive EU-wide net wealth tax.","onlinedate":"2018-04-15 12:00:00","lang":"English","publication_series":"","publication_date":"20180401","publication_date_year":"","publication_date_full":false,"publication_num_pages":"26","keywords":"[\"F55\",\"H24\",\"H87\"]","jelcodes":"[]","related_publications":"[\"53ad0b5a-6451-47b8-896a-2445ca3428c4\"]","pdf":372679,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"561","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2018-04-15 12:00:00","types":[44410],"research_groups":[3500],"collaboration":"","persons":[5057,3830],"persons_data":"[{\"personId\":5057,\"personName\":\"Alexander Krenek\",\"organisationNames\":[]},{\"personId\":3830,\"personName\":\"Margit Schratzenstaller\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Krenek, A.<\\\/span><span>, &amp; Schratzenstaller, M.<\\\/span> (2018). <span>A European Net Wealth Tax<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (561). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61040\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61040<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Krenek A<\\\/span><span>, Schratzenstaller M<\\\/span>. <span class=\\\"title\\\"><span>A European Net Wealth Tax<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2018 Apr;(561).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{245b898c653540929c3a2dae98fd62ba,<\\\/div><div>  title    = \\\"A European Net Wealth Tax\\\",<\\\/div><div>  abstract = \\\"The increase of wealth inequality in many EU countries has spurred interest in wealth taxation. While taxes on wealth for a long time have played only a marginal role in the public finance and taxation literature, more recently a variety of arguments are brought forward in favour of (higher) wealth taxation. At the same time, tax competition has led to an almost complete disappearance of recurrent net wealth taxes in Europe. By dealing with non- and under-reporting in the Household and Consumption Survey (HFCS) data set provided by the European Central Bank, we are able to estimate the wealth distribution within 20 EU countries and the revenue potential of a progressive EU-wide net wealth tax.\\\",<\\\/div><div>  keywords = \\\"F55, H24, H87, F55, H24, H87\\\",<\\\/div><div>  author   = \\\"Alexander Krenek and Margit Schratzenstaller\\\",<\\\/div><div>  note     = \\\"A European Net Wealth Tax\\\",<\\\/div><div>  year     = \\\"2018\\\",<\\\/div><div>  month    = apr,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - A European Net Wealth Tax<\\\/p><p>AU  - Krenek, Alexander<\\\/p><p>AU  - Schratzenstaller, Margit<\\\/p><p>N1  - A European Net Wealth Tax<\\\/p><p>PY  - 2018\\\/4<\\\/p><p>Y1  - 2018\\\/4<\\\/p><p>N2  - The increase of wealth inequality in many EU countries has spurred interest in wealth taxation. While taxes on wealth for a long time have played only a marginal role in the public finance and taxation literature, more recently a variety of arguments are brought forward in favour of (higher) wealth taxation. At the same time, tax competition has led to an almost complete disappearance of recurrent net wealth taxes in Europe. By dealing with non- and under-reporting in the Household and Consumption Survey (HFCS) data set provided by the European Central Bank, we are able to estimate the wealth distribution within 20 EU countries and the revenue potential of a progressive EU-wide net wealth tax.<\\\/p><p>AB  - The increase of wealth inequality in many EU countries has spurred interest in wealth taxation. While taxes on wealth for a long time have played only a marginal role in the public finance and taxation literature, more recently a variety of arguments are brought forward in favour of (higher) wealth taxation. 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